Insider Selling: Collectors Universe major shareholder Sells 28,000 Shares of Stock (CLCT)
Collectors Universe (NASDAQ:CLCT) major shareholder David G. Hall sold 28,000 shares of Collectors Universe stock on the open market in a transaction dated Thursday, February 13th. The shares were sold at an average price of $20.12, for a total transaction of $563,360.00. Following the transaction, the insider now directly owns 881,735 shares of the company’s stock, valued at approximately $17,740,508. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Shares of Collectors Universe (NASDAQ:CLCT) traded down 3.88% on Friday, hitting $20.31. 23,692 shares of the company’s stock traded hands. Collectors Universe has a 52 week low of $10.77 and a 52 week high of $22.77. The stock’s 50-day moving average is $18.66 and its 200-day moving average is $16.46. The company has a market cap of $178.4 million and a P/E ratio of 24.01.
Collectors Universe (NASDAQ:CLCT) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.15 earnings per share (EPS) for the quarter. The company had revenue of $13.55 million for the quarter, compared to the consensus estimate of $9.60 million.
The company also recently declared a quarterly dividend, which is scheduled for Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis and a yield of 6.57%. The ex-dividend date of this dividend is Wednesday, February 12th.
Separately, analysts at Thomson Reuters/Verus upgraded shares of Collectors Universe from a “hold” rating to a “buy” rating in a research note on Monday, January 27th.
Collectors Universe, Inc provides authentication and grading services to dealers and collectors of high-value coins, trading cards, event tickets, autographs and memorabilia.
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